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, the republicans lose. and in a way that perhaps is more telling than just what one election result might suggest. >> well, i think it certainly does. and it gives him a certain platform and credibility that perhaps he didn't have before. but watching as these fiscal cliff negotiations have gone through the holidays, it certainly is perhaps a little bit more of a bully pulpit for the president and for his position on taxes. but i think the biggest story of the year came at the end of the year, in the past week or so. which is the massacre at the elementary school in sandy hook, newtown. those are the stories that barnicle and andrew have chosen as the top stories of 2012 to cover. mike barnicle, would you agree, that this could be his signature for his second term? >> i do. i do agree with that. i think the events of a few days ago in newtown, connecticut, will help shape a good portion of the president's second and final term in office. i think it gives us a huge impetus to changes in this country that had been, that have taken too long to take hold. i think the presidency itself, i think the ma
't understand how these people cannot do their jobs that they're elected to. so i'm wondering what's your take on what's going on in washington? you're sitting in washington. >> right. the at least we have bipartisan agreement it's all nuts, right? everyone agrees this is ridiculous and in spite of what they say, they've been talking about it for months and years and there was ample talk about what a framework should be through the election, which wasn't that long ago. there's plenty of debate. to tie the two stories we have been talking wiabout together, there was a colin powerful doctrine that general schwartzkopf executed so well in the first gulf war. which was have an exit strategy and using overwhelming force. this congress had an exit strategy. they had the idea of overwhelming force, and they set themselves these limits. if they got through this deadline the pain would be so great on themself -- this is self-imposed -- they would find a way out. they have not executed their own strategy and been able to vote for their own leadership. what you have in washington just to take a step back
say more things are on the table than were before the election. the pessimist would say yeah, but there still isn't the substance of an agreement. >> the mechanics, i mean, what we have -- on the obama side, you have an election that pretty much, you know, they took as a mandate, if you will, where, you know, the very issue of taxes was sort of legislative, and the americans basically said they agreed with the president, saying that taxes need to rise on the wealthy. and then you have the right wing of the republican party who won also by wide margins in many deeply conservative districts. and they think they have a mandate. so in a way, it's like the two mandates are canceling each other out. they each think that they are -- and that is why we're frozen. i don't know if it's been that way -- i don't know if the mechanics have been such that it has been so polarized to the point where it's been paralyzing. >> where they feel like they've each won. >> it doesn't baffle me, it sort of angers me is that the conservative republicans who won by overwhelming margins in their distri
and you will like it. you know what it reminds me of? elections have consequences. i won. it's not a nice tack to the center where i'm going to govern for all of you. are you coming back? >> i'm going to. >> the jacket is coming off, though, right? >> christmas eve and i'm celebrating. as you know, we had the tree going this weekend with the lights on. >> that's so nice. there's one other thing i sought on that thing over the weekend that you brought us that i was going do -- oh,no. did you see mitt romney did not want to run? >> i saw that. that was in the boston globe. that was a great piece worth reading. then he found out how bad things were going on his ipad. >> yeah. but maybe he didn't want to run because there were times i really kind of thought it looked like he didn't want to run. >> yeah, but towards the end, i thought he did. >> he tried hard. thanks. >> okay. >> come over here. >>> in other news, a dock worker strike on the atlantic and coast could be just days away. port operators have been negotiating with the long shoreman association since march. but the two sides are sai
was seen strict irbefore the elections and hand brought forward the dematte manned that might have been in the future, people wanted to bite hand guns. >> always the case. any time the debate over gun control flares up. >> does the framework of the "wall street journal" piece tell us anything new about best buy, sears? >> for sears, we have seen them cut costs, cut costs, sears and the kmart stores. it seems that this year the reckoning, the kmart operation, people have lost track of that if you send people inside kmart today, i think you basically find a relatively horrifying situation for the average consumer. i mean, really bad stores that haven't been given the proper maintenance budgets that they deserve. for -- is it life or death? no h i think for the kmart part of it, there will be some sort of reckoning. i say life or death maybe moves more into that category for radioshack that stock has just been getting pummeled. tried to adapt themselves as mobile phone retailer and margins getting killed in kind. so i think this year is sort of that moment, someone come in and do an lbo, e
and responsibility to send our elected officials a potent message urging them to come together. poppy harlow recently sat down with schultz. tell us more about what starbucks is trying to do here. >> the timing is certainly spot on, joe, right, as congress comes back in session from the holidays tomorrow. if it they go to starbucks, they'll get the message loud and clear from their barista. this will be will d.c., is this parts of virginia. they will voluntarily where "come together" to urge politicians to get a deal done on the fiscal cliff before the end of the year. and i wasn't very surprised because howard schultz has been very outspoken. we sat down earlier this month to talk about the fiscal cliff and the risks to u.s. businesses, to the world economy and to the average u.s. citizen if we don't have a deal, if we don't get it done. i want you to take a listen to what he fold me. >> the real difference today versus perhaps any other time in history is that this single issue has a seismic effect on the rest of the world, that we have never been as connected and the domino effect of a bad outcome
our elected officials a respectful but potent message. interesting way to do it. >> the problem with the starbucks, they'll cut a deal. >>> let's talk about sports, shall we? call him a bad quarterback but do not call him a bad teammate. tim tebow firing back after a report that said he asked to sit out some offensive plays on sunday after being snubbed for the jets starting quarterback job. espn says tebow was so upset with the perception that he quit on the team that it dampened his christmas. as for tebow, he will likely be out of new york by next year, headed to presumably the jacksonville jaguars, his home team. but you know what this is? world's smallest violin. you think i feel sorry for him? >> especially with $5 million after being traded from denver. come on, tim, you're terrible. >> oh! >> he's got a lot to say. >> back to the dinner topic right now. as we have told you, president obama lands in washington today, back from hawaii to take part in negotiations over the f is cal cliff, but it seems increasingly unlikely that we are going to have a plan that congress can
anybody, grab them, get them in front of this camera because they are our elected officials and have to answer to our viewers. thank you. let's get right to the markets. it is quite obvious that the markets are being held hostage you could say to what is happening right there in washington d.c. the traders are on the floor watching moment by moment. the new york stock exchange, cme, and the nymex. you just heard the representative. we have to wait for the senate. we cannot do anything into the senate comes out. what i noticed was 12:30 p.m. eastern when it was announced the president was going to speak the markets took off. when the president spoke the moderated and now we're back up and running. what are you seeing and how important is it? >> first of all, let the volume. continues to be low. i think we are getting -- this morning we had a bit of a technical rally. a massive short-covering. people want to go home in case we do is some kind of a deal. liz: but looking at, for example, the nasdaq. this is a decent job of close to two percentage points. it looks like people are at leas
and corporate tax rates and fewer brackets. what changed his mind? >> he came out after the election saying he wanted 1.6 trillion in tax hikes, and his election kind of made him go for something figure. even though that meant he couldn't get an agreement. my personal view he does not want an agreement with republicans, he wants us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is astounding. they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no d
much of a deficit. >> worry me this question. can you get elected if you say i am going to cut this and cut that unless money flows out. can you get elected f. you reform social security can you get elect medicare or medicaid. you can get elected. i will reform. post office. you can't get elected. >> kelly: you can't take it back. >> once you made the promise to pay how do you with draw. >> clayton: but you can get elected raising taxes. interpeffort the last election. >> julia: we didn't say your name at the beginning of the segment. >> clayton: he doesn't even need an bruction. he's so good. >> julia: this is your guy when you talk about fiscal cliff. >> i am guy with the accent. >> clayton: tune in fox business network . no one does it better stewart varney. ualjullove to your family and beautiful children. >> clayton: teachers trainn to use handgun to protect the school. we report and you decide. julaloha, hawaii. president is heading back to washington. is it too late to avoid the fiscal cliff. you can't answer it because you are leaving now. we'll talk about this next.
's presidential elections coming up in iran if you're a middle easterner, what do you do when it's campaign time? you pick fights with israel. >> clayton: and see that continue all year with the u.s. involvement there? >> it's going to have to. because israelis say iran has to have the program delayed by mid summertime. >> clayton: number two? >> there's no good option because you have assad the dictator butchering his people and rebels that are fighting him. they're not controlling what's happening on the ground, that's al-qaeda and the muslim brotherhood so the bloodshed as horrifying as it is now, wait till you see what happens. >> clayton: what about u.s. involvement in syria? there's been hand wringing whether we should get involved as in libya. i know there's movement to try to arm certain great news in syria, are we confident that's going in the right direction? >> no, because we've outsourced a lot of our role to countries like turkey and qatar and just like libya when you give them support on our behalf they support the islamists the people that we don't want to take over syria, without
] >> welcome back. it's been a rough couple months for republicans. they first lost the election -- i guess you can keep the music going. why not? now they are losing a deal on the fiscal cliff so there's no surprise they are losing hope for the future a new washington news poll says 70% of the gop is fearful about what lies ahead in 2013. all right. so let's take a look at this. 72% of republicans say they are very fearful wishes is up by double digits in what they were under president george w. bush and much higher, double digits up from 53% i guess when president obama took office. so, greg, are republicans just more grounded in reason so they are seeing the future as a real nail-biter because they are more focused, they get it more than liberals? >> conservatives in the republican party are like vampire killers. the liberals are generally hate the vampire killers because they are the bloodsuckers. so obviously the republicans are terrified the government is expanding and they are pessimistic about it where the liberals are hopeful because the vampires have the keys to the blood bank. >> did
there is a new prime minister in japan. he is shinzo abe, the japanese parliament elected him today five years after abe abruptly resigned from the job. he's japan's seventh prime minister in six years. alex reports from tokyo. >> reporter: a remarkable political comeback is now complete here in japan. shinzo abe is once again prime minister, elected in parliament on wednesday following his party's landslide victory in general elections earlier this month. he has now taken the reins and unveiled his cabinet as well, which includes former prime minister aso who is deputy prime minister as well as finance minister. as the 58-year-old abe returns to the top post he vacated in 2007, his to-do list this time is very long. front and center is the economy, which has sputtered along in japan for the better part of two decades and is in recession once again. many will be watching to see how abe handling heightened tensions with china, as the two countries spar over disputed islands, as well as north korea, which defied the international community recently launching a rocket that skirted japanese territ
, have a responsibility to send our elected officials a respectful but potent message. there are about 120 starbucks stores in the d.c. area, really they're all over the place in d.c. >>> retailers were hoping shoppers will spend big today because early figures show holiday sales slumped to the lowest levels in three years. analysts are blaming hurricane sandy which hit just before the peak shopping season. folks are also a little more cautious about opening their wallets, concerned about tax hikes as we near this so-called fiscal cliff. >>> first, a tornado. now a blizzard warning. we'll break down the complex weather forecast next as part of the south starts to clean up after yesterday's storms. >> it is a wonderful school. i don't know what we're going to do with the kids when it is time to come back. this is a dangerous situation with all the roofs off, and the windows blown out. this is just devastating. can tow up to 9,600 pounds? 315 horsepower. what's that in reindeer-power? [ laughs ] [ pencil scratches ] [ male announcer ] chevy's giving more. get the best offer of the year -
on deeply held principles. and a lot of these house members got elected in districts that don't look anything like the rest of america. they're very extreme, gerrymandered districts in many case s with ca ca ca cases, and their own personal careers depend much more on how they're perceived back at home. so they don't necessarily care that this is one of the most unpopular congresses in recent history and one of the most unproductive congresses in recent history. they want to stick by their principles. >> it's true. and a lot of them say, eamon, i've been elected to be a check on the president and that's what a lot of this is about. >> right. this is deeply held, fundamental belief on both sides and there's a huge chasm between the two sides on these issues. and somebody's going to be a loser here if there's a deal. somebody's going to be perceived as having gotten rolled and neither side wants to be the party who got rolled here. i think both sides are looking at if fiscal cliff right now and saying, well, we could go over this thing. it wouldn't be the end of the world and that's a
for elected officials to vote for something when they think it will be the end of their career. dagen: senator, that was, well, terrific conversation. thank you so much. it was great to see you. enjoy your new year. i will hold you to that. okay. i will hold you to it. >> you can count on it. dagen: be well. now, onto something just as troubling, but different. the weather. big storms with freezing rain and high winds is expected from the midwest all the way up into the northeast. now we go to chief meteorologist at whether >> it is a bout sore and it is part of what is dancing. each one a little bit further. we have a lot of winter weather coming. it will be shutting down a lot of flights from philadelphia of to boston. they will get hammered later on this afternoon into tonight. philly, new york, baltimore, i do expect it to turn into rain. the snow will pileup northwest of those cities. 30 miles will make a big difference between four to 8 inches of snow and sleet and freezing rain on top of it. that whole major core door right on the battleground, it is almost all snow and up to
, other big story today is the continuing yen/dollar/euro data. abe is elected, now he's in power. the bank of japan is going to be meeting january 21 and 22. they're going to raise their inflation target 2%. the yen is at 85 right now. a lot of people are betting it could go to 100. that trade is not yet over. so that is the hot trade that's out there globally right now. number three, i'm pretty optimistic on housing. you saw the numbers on case-shiller, 4.3% increase in october. we're still getting numbers continuing to improve. the levels of affordability are great. mortgage rates remain low. this is one of the bright spots for housing, and will be for the economy in 2013. finally, did you see this amusing story? u.s. government is put on a negative watch by china? by china? the credit rating agency in china put them on the u.s. government debt on a negative rating at this point. negative watch. this, of course, was supposedly independent rating agency created in china to try to rival moody's and s&p and fitch's. that's getting interesting play out there. their independence, of
there. what we gather is the police chiefs don't like it. the elective sheriff, he doesn't like it p. and as we learned from the comments in the newspaper, the gun owners certainly don't like it. that leaves the remaining sector finding the article interesting. >> what do they say about it? >> police chiefs look at it and say, look 40% of these people holding the gun mer mitts are active or retired law enforcement. these are people who may have put people in prison or prison guard who inmates might be looking for their home address and now it's point and click. the other thing is that 8,000 -- i mean if you just take rockland county, 8 thousand either active or retires nypd officers live there. so within the law enforcement community, they say you're giving the people a map to our home addresses that's searchable. >> one of the criticisms here is that potential robbers are going to know who has guns and who doesn't to know which homes to target. how does this make the job more difficult for them? >> it's one of the things you know. i talked to the sheriffs and th
to a major change in the tax code? >> maybe they were hoping that they would win the presidential election in 2012 and then have a upper hand event. but you know, they didn't go for the permanent rates, the bush era tax rates when they had the chance in 2010 and the sequester, the automatic spending cuts getting lost in the conversation are something they pretty much set up with the democrats in 2011. >> well, here specifically, here is about the millionaire cut off figure because of course, now the president says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and we should use the resulting revenues to pay down the deficit. has anybody called her on that, hey, look, you're only for raising rates for millionaires and above before now you're into the $400,000 level? >> i called her on it last week, and she avoided the question and didn't answer it directly. she said, we were trying to smoke out, that was her quote, smoke out republicans and steny hoyer himself mention
Search Results 0 to 18 of about 19